Difference between revisions of "Stuart Chase"

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(Chase in "The Road to Serfdom")
(Henry George, Karl Marx, Thorstein Veblen, Technocracy, and the Fabian Society)
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'''Stuart Chase''' (March 8, 1888 - November 16, 1985) was a socialist economist who, according to the [[New York Times]] coined the phrase "[[New Deal]]" and was involved and supportive of the three most important Presidencies of 20th century Progressivism.<ref name=times>{{cite web |url=http://www.nytimes.com/1985/11/17/nyregion/stuart-chase-97-coined-phrase-a-new-dea.html |title=STUART CHASE, 97; COINED PHRASE 'A NEW DEAL' |work=New York Times |date=1985 |quote=He was one of the last surviving members of the small group of advisers who helped President Roosevelt shape the New Deal. }}</ref>  
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'''Stuart Chase''' (March 8, 1888 - November 16, 1985) was a socialist economist who, according to the [[New York Times]] coined the phrase "[[New Deal]]" and was involved and supportive of the three most important Presidencies of 20th century Progressivism.<ref name=times>{{cite web |url=http://www.nytimes.com/1985/11/17/nyregion/stuart-chase-97-coined-phrase-a-new-dea.html |title=STUART CHASE, 97; COINED PHRASE 'A NEW DEAL' |work=New York Times |date=1985 |quote=He was one of the last surviving members of the small group of advisers who helped President Roosevelt shape the New Deal. }}</ref> Chase's ideals were influenced by [[Henry George]], [[Karl Marx]], [[Thorstein Veblen]],<ref>[http://www.accountingin.com/accounting-historians-journal/volume-11-number-2/the-ideas-of-stuart-chase-on-waste-and-inefficiency/ The Ideas of Stuart Chase on Waste and Inefficiency]</ref> [[Fabian Socialism]], and [[Technocracy]].
  
 
==Early Life==
 
==Early Life==

Revision as of 01:30, September 24, 2015

Stuart Chase (March 8, 1888 - November 16, 1985) was a socialist economist who, according to the New York Times coined the phrase "New Deal" and was involved and supportive of the three most important Presidencies of 20th century Progressivism.[1] Chase's ideals were influenced by Henry George, Karl Marx, Thorstein Veblen,[2] Fabian Socialism, and Technocracy.

Early Life

Chase was born March 8, 1888, in New Hampshire. He was the son of Harvey S. and Aaronette Rowe Chase. He was educated at Massachusetts Institute of Technology, Harvard University, earning a B.S. degree in accountancy.[3]

Radicalism

While at university, Chase founded the Fabian Club of Chicago[4] and was the President of the local Ann Arbor chapter of the Intercollegiate Socialist Society.[5]

Career

Entry into the Bureaucracy

In 1917 he was appointed to investigate the meat packing industry at the Federal Trade Commission.[3] Toward the end of the Wilson Administration, Chase and other socialists came under attack during the first Red Scare, by Senator James Eli Watson in particular.[6][7][8]

Post-Wilson

In the early 20's he was treasurer for the League for Industrial Democracy.[9][10] He also developed an interest in Technocracy joined the Technical Alliance.[11]

Franklin Delano Roosevelt

Chase was an advisor to Franklin D. Roosevelt.[1]

Lyndon B. Johnson

In the 60's, Chase was a supporter of the Great Society. Along with a group of intellectuals, he traveled to the Soviet Union to try to foster a better understanding between the Soviets and America.[1]

Ideology

Chase was an ardent supporter of central planning. Walter Lippmann tells us that Chase believed: "political democracy can remain if it confines itself to all but economic matters".[12]

Political System X

In his book The Road We Are Traveling, Chase listed these 18 items:[13]

  1. A strong, centralized government.
  2. An executive arm growing at the expense of the legislative and judicial arms.
  3. The control of banking, credit and security exchanges by the government.
  4. The underwriting of employment by the government, either through armaments or public works.
  5. The underwriting of social security by the government – old-age pensions, mothers' pensions, unemployment insurance, and the like.
  6. The underwriting of food, housing, and medical care, by the government.
  7. The use of deficit spending to finance these underwritings.
  8. The abandonment of gold in favor of managed currencies.
  9. The control of foreign trade by the government.
  10. The control of natural resources.
  11. The control of energy sources.
  12. The control of transportation.
  13. The control of agricultural production.
  14. The control of labor organizations.
  15. The enlistment of young men and women in youth corps devoted to health, discipline,community service and ideologies consistent with those of the authorities.
  16. Heavy taxation, with special emphasis on the estates and incomes of the rich.
  17. Control of industry without ownership.
  18. State control of communications and propaganda.

Works

  • A Honeymoon Experiment, (1916)
  • The Challenge of Waste (1922)
  • Your Money's Worth: A study in the waste of the consumer's dollar, (1928)
  • Soviet Russia in the Second Decade – A Joint Survey by the Technical Staff of the First American Trade Union Delegation, (1928)
  • The Tragedy of Waste, (1929)
  • Men and Machines, (1929)
  • Prosperity Fact or Myth, (1929)
  • The story of Toad Lane: Being an account of the twenty-eight weavers of Rochdale and how they founded the cooperative system that went round the world, (1930)
  • Mexico - A Study of Two Americas, (1931)
  • The Nemesis of American Business, (1931)
  • A New Deal, (1932)
  • Out of the Depression - and After: A Prophecy, (1932)
  • Technocracy: An Interpretation, (1933)
  • The Promise of Power, (1933)
  • Move the Goods, (1934)
  • The Economy of Abundance, (1934)
  • Rich Land, Poor Land, (1936)
  • The Tyranny of Words, (1938)
  • The New Western Front, (1939)
  • A Primer of Economics, (1941)
  • A Generation of Industrial Peace: Thirty years of labor relations at Standard Oil Company, (1941)
  • The Road We Are Traveling: 1914–1942, (1942)
  • Goals for America: a budget of our needs and resources, (1942)
  • Where's the money coming from?, (1943)
  • Democracy Under Pressure; Special Interests VS The Public Welfare, (1945)
  • Tomorrow's trade: problems of our foreign commerce, (1945)
  • For this we fought, (1946)
  • The Proper Study of Mankind, (1948)
  • Roads to Agreement: Successful methods in the science of human relations, (1951)
  • The Proper Study of Mankind, (1956)
  • Guides to Straight Thinking, With 13 Common Fallacies, (1956)
  • American Credos, (1962)
  • Danger - Men Talking! a Background Book on Semantics and Communication, (1969)

References

  1. 1.0 1.1 1.2 STUART CHASE, 97; COINED PHRASE 'A NEW DEAL'. New York Times (1985). “He was one of the last surviving members of the small group of advisers who helped President Roosevelt shape the New Deal.”
  2. The Ideas of Stuart Chase on Waste and Inefficiency
  3. 3.0 3.1 Who's who in the Nation's Capital. Consolidated Publishing Company (1921).
  4. The Intercollegiate Socialist, Volume 7 (1918).
  5. The Intercollegiate Socialist, Volume 6 (1917).
  6. The Cancer on our Breast (1918).
  7. "Reds" Sent to Probe Packers (1919).
  8. Bolsheviks in Office, says Senator Watson, Marin Journal, Volume 56, Number 46, 13 November 1919
  9. The challenge of waste. Stuart Chase (1922).
  10. Counter Attack on Reaction Organized - Research Group to Aid Labor - Wants Production for Use Not Profit. Machinists' Monthly (1922).
  11. Tech Engineering News, Volumes 25-26 (1943).
  12. (2009) The Road to Serfdom: Text and Documents--The Definitive Edition. University of Chicago Press, 124. 
  13. (1942) The Road We Are Traveling 1914-1942. New York: The Twentieth Century Fund, 95-96.